Pakistan

Former Pakistan government official, Farhan Junejo, who was arrested by the National Crime Agency (NCA) after the Federal Investigation Agency (FIA) alleged that he had laundered approximately Rs 180 to 250 million, has been released after the FIA failed to… Read more >

The former President of Pakistan, Asif Ali Zardari, has been accused of allegedly being involved in a money laundering probe with the country’s former stock exchange leader. The Chairman of the Central Depository Company, Hussain Lawai, was remanded by the… Read more >

In an attempt to prevent Pakistan from being placed on the grey list, the Securities and Exchange Commission of Pakistan (SECP) issued the new Anti Money Laundering and Countering Financing of Terrorism Regulations, 2018 that comply with Financial Action Task… Read more >

In response to a recent Financial Action Task Force (FATF) meeting held in Paris this past February at which Pakistan was nominated to be placed on FATF’s Grey List, Pakistan is moving to address the deficiencies in its Anti-Money Laundering… Read more >

A motion has been made by the US and its European allies for the Financial Action Task Force (FATF) to place Pakistan on a watchlist for countries who are non-compliant with worldwide financial regulations. Pakistan is one of 37 nations… Read more >

Dr. Miftah Ismail, Adviser to the Prime Minister on Finance, and Ambassador Alice G. Wells, US Acting Secretary of State for South and Central Asian Affairs, met recently to discuss the steps on how Pakistan plans on fighting money laundering… Read more >

In order to stay up to date with the new addition of the new Companies Act 2017, the State Bank of Pakistan (SBP) has revised their Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Regulations. The new regulations call… Read more >

In August, Habib Bank Ltd (HBL), was fined a record $630 million for a Pakistani financial institution by the New York State Department of Financial Services (DFS) for noncompliance with state and federal anti-money laundering (AML) laws at its U.S…. Read more >